Visa Outpaces Mastercard in Race to Acquire Pismo, Eyeing Greater Support for Emerging Payment Rails
Visa Inc (NYSE: V) agreed to acquire Pismo, a cloud-native issuer processing and core banking platform with operations in Latin America, Asia Pacific, and Europe, for $1 billion in cash. Pismo is a Brazilian cloud-based payment and banking platform provider. The acquisition will position Visa to provide core banking and issuer processing capabilities across debit, prepaid, credit, and commercial cards for clients via cloud-native APIs. Pismo's platform will also enable Visa to provide support an
Source: yahoo.com